Panelty on late payment of service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 January 2010
there are two panelty provisions for the late payment of service tax,
one is: 13% interest for the delayed period
IInd is: Rs. 200 per day or
2% of the service tax per month
(which ever is higher but not exceeding the amount of service tax paid)
my question is both the panelties are simultanously leviable or mutually exclusive.
thanks in advance.
one is: 13% interest for the delayed period
IInd is: Rs. 200 per day or
2% of the service tax per month
(which ever is higher but not exceeding the amount of service tax paid)
my question is both the panelties are simultanously leviable or mutually exclusive.
thanks in advance.
08 January 2010
Applies simultaneously.
CMA Arif Farooqui
(Expert)
09 January 2010
agree
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